Economy

The Fed vs Inflation 

Fed chief does not rule out further interest rate increases  

Although the US economy appears to be headed for a so-called soft landing, it is too early to rule out further increases. This is what the Federal Reserve's Richmond head Thomas Barkin says in a pre-recorded speech, according to CNBC. 

- The airport is on the horizon, but landing a plane is not easy, he notes. 

Barkin points to a number of risks: The economy could run out of fuel, unexpected turbulence could affect growth, and demand could remain unexpectedly high, fueling inflation.  

The minutes from the Federal Reserve's latest interest rate meeting will be released at 8pm tonight.   

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Space X accused of firing Musk-critical staff  

A US federal agency is accusing Space X of illegally firing eight employees who were critical of the space company's founder and CEO Elon Musk. Reuters reports.  

The background to the resignation is said to be a letter that circulated in which Musk is called a "distraction and embarrassment".  

In the letter, the now dismissed employees highlight examples of "inappropriate, derogatory and sexually charged" comments made by Musk on social media, according to their lawyers.  

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Shipping prices skyrocket after Red Sea attacks 

Shipping rates have skyrocketed since Huthir rebels began attacking ships in the Red Sea.  

This is reported by Dagens Industri. Just in the first days of the year, the price of a container to northern Europe has increased by 50 percent from 1,800 dollars to 2,800 dollars, statistics from the Norwegian analysis company Xeneta show.  

The increased tensions "have really disrupted the supply chains", says the firm's chief analyst Peter Sand to the newspaper.